DAGVX vs. DLDRX

Last updated Jun 25, 2026

DAGVX (BNY Mellon Dynamic Value Fund) and DLDRX (BNY Mellon Natural Resources Fund) are both mutual funds - DAGVX is a Large Cap Value Equities fund managed by BNY Mellon, while DLDRX is a Energy Equities fund managed by Dreyfus. Over the past 10 years, DAGVX returned 14.03%/yr vs 13.26%/yr for DLDRX. A 0.75 correlation means they provide meaningful diversification when combined. DAGVX charges 0.93%/yr vs 0.91%/yr for DLDRX.

Performance

DAGVX vs. DLDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Dynamic Value Fund (DAGVX) and BNY Mellon Natural Resources Fund (DLDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAGVX achieves a 14.75% return, which is significantly lower than DLDRX's 16.50% return. Over the past 10 years, DAGVX has outperformed DLDRX with an annualized return of 14.03%, while DLDRX has yielded a comparatively lower 13.26% annualized return.

DAGVX

• 1D: -0.74%
• 1M: 1.82%
• YTD: 14.75%
• 6M: 13.35%
• 1Y: 27.45%
• 3Y*: 19.57%
• 5Y*: 13.81%
• 10Y*: 14.03%

DLDRX

• 1D: -1.70%
• 1M: -6.32%
• YTD: 16.50%
• 6M: 15.94%
• 1Y: 35.73%
• 3Y*: 13.53%
• 5Y*: 15.11%
• 10Y*: 13.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DAGVX vs. DLDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DAGVX BNY Mellon Dynamic Value Fund	14.75%	18.20%	14.16%	12.54%	1.43%	30.90%	3.66%	26.74%	-10.76%	14.78%
DLDRX BNY Mellon Natural Resources Fund	16.50%	15.04%	0.81%	1.58%	34.18%	38.30%	6.58%	16.64%	-17.57%	14.05%

Correlation

The correlation between DAGVX and DLDRX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 31, 2003	0.75

The correlation between DAGVX and DLDRX shifts across timeframes, from 0.57 (1 year) to 0.76 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

DAGVX vs. DLDRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAGVX

DAGVX Risk / Return Rank: 78
DAGVX Sharpe Ratio Rank: 75
DAGVX Sortino Ratio Rank: 73
DAGVX Omega Ratio Rank: 66
DAGVX Calmar Ratio Rank: 89
DAGVX Martin Ratio Rank: 88

DLDRX

DLDRX Risk / Return Rank: 63
DLDRX Sharpe Ratio Rank: 53
DLDRX Sortino Ratio Rank: 46
DLDRX Omega Ratio Rank: 45
DLDRX Calmar Ratio Rank: 89
DLDRX Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DAGVX vs. DLDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value Fund (DAGVX) and BNY Mellon Natural Resources Fund (DLDRX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DAGVX	DLDRX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.87	+0.44
Sortino ratio: Return per unit of downside risk	3.22	2.50	+0.72
Omega ratio: Gain probability vs. loss probability	1.41	1.32	+0.09
Calmar ratio: Return relative to maximum drawdown	4.26	4.04	+0.22
Martin ratio: Return relative to average drawdown	15.60	13.29	+2.30

DAGVX vs. DLDRX - Sharpe Ratio Comparison

The current DAGVX Sharpe Ratio is 2.31, which is comparable to the DLDRX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of DAGVX and DLDRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DAGVX vs. DLDRX - Drawdown Comparison

The maximum DAGVX drawdown since its inception was -55.04%, smaller than the maximum DLDRX drawdown of -69.13%. Use the drawdown chart below to compare losses from any high point for DAGVX and DLDRX.

Drawdown Indicators

	DAGVX	DLDRX	Difference
Max Drawdown Largest peak-to-trough decline	-55.04%	-69.13%	+14.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.69%	-8.82%	+2.13%
Max Drawdown (3Y) Largest decline over 3 years	-16.96%	-32.44%	+15.48%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-32.44%	+15.48%
Max Drawdown (10Y) Largest decline over 10 years	-42.62%	-54.24%	+11.62%
Current Drawdown Current decline from peak	-1.02%	-8.82%	+7.80%
Average Drawdown Average peak-to-trough decline	-7.63%	-20.73%	+13.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.68%	-0.86%

Volatility

DAGVX vs. DLDRX - Volatility Comparison

The current volatility for BNY Mellon Dynamic Value Fund (DAGVX) is 4.33%, while BNY Mellon Natural Resources Fund (DLDRX) has a volatility of 6.71%. This indicates that DAGVX experiences smaller price fluctuations and is considered to be less risky than DLDRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAGVX	DLDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	6.71%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	14.43%	-4.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.35%	19.08%	-6.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.60%	25.66%	-10.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	25.50%	-6.70%

DAGVX vs. DLDRX - Expense Ratio Comparison

DAGVX has a 0.93% expense ratio, which is higher than DLDRX's 0.91% expense ratio.

Dividends

DAGVX vs. DLDRX - Dividend Comparison

DAGVX's dividend yield for the trailing twelve months is around 5.83%, more than DLDRX's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAGVX BNY Mellon Dynamic Value Fund	5.83%	6.69%	6.85%	5.09%	7.96%	21.64%	2.64%	3.29%	17.81%	10.71%	2.72%	15.78%
DLDRX BNY Mellon Natural Resources Fund	2.00%	2.33%	7.45%	12.42%	9.66%	5.07%	1.11%	2.16%	1.87%	0.63%	1.44%	1.25%

Frequently Asked Questions

Can I hold both DAGVX and DLDRX in my portfolio?

DAGVX and DLDRX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAGVX or DLDRX?

DLDRX has higher volatility (6.71%) compared to DAGVX (4.33%). In terms of maximum drawdown, DAGVX dropped -55.04% vs DLDRX's -69.13%.

Which has better risk-adjusted returns?

DAGVX currently has the higher Sharpe Ratio (2.31 vs 1.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.